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TOPICS

Results for Topics : "Population"


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Population ageing and social protection in Malaysia
Item Type: Conference or Workshop Item
Author: 
Abd. Samad, Suhaimi and
Awang, Halimah and
Mansor, Norma and
Author: 
Editor: 
Year:  00/00/2012
Abstract:  With rapid increase in number of older persons, Malaysia is faced with multitude issues of graying population resulting from declining birth rate and rising life expectancy. In 2010 4.7% of the population was above 65 years old and the life expectancy was 71.7 years for males and 75 years for females. The New Economic Model for Malaysia (NEM) 2010 defines inclusiveness, high income and sustainability, as the three prong objective towards a developed nation in 2020. The underlying principle of the inclusiveness objective is to enable every Malaysian to have access to opportunities in order to contribute to the economy and to ensure that essential needs of the people are met. At least ten policy measures were recommended to improve the well being of the bottom 40% of the population, which has been identified as underserved. The question is, to what extent is the existing social safety net policy adequate to support every Malaysian to sustain a decent living? What are the issues and gaps with social safety net for older people? This paper attempts to answer these questions and to examine other related issues. It is divided into three parts: the first parts is an assessment of the existing social safety net in Malaysia; the second part looks at some case studies of NGO’s working with the older people and the final part offers some policy recommendations as a way forward.
 
 
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Financing old age in a rapidly ageing high income city state: the case of Singapore
Item Type: Conference or Workshop Item
Author: 
Asher, Mukul G. and
Author: 
Editor: 
Year:  00/00/2012
Abstract:  Singapore, an affluent city state, is among the most rapidly ageing society globally. This is due to low fertility rate (TFR of 1.2 in 2011); and increasing life expectancy (18.3 years for men and 21.8 years for women at age 65 in 2011). Its support ratio (working age persons/elderly) is projected to decline from 7.9 in 2011 to 2.2 by 2030, representing a steep decline. It primarily relies on a mandatory savings tier to finance old age. This tier is administered by a statutory Board called Central Provident Fund (CPF) under the Ministry of Manpower. The CPF has over the years been used not just for retirement, but for housing health care, and other purposes. Its wide scope and mandate has resulted in considerable complexity. This paper provides an assessment of the extent to which the current old age financing arrangements are likely to address longevity, inflation, and survivors’ risks faced by individuals in their old age. Not only each person will need support for a longer period in old age, but societal and individual expectations about old age support are also changing, reflecting the affluent society.
 
 
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